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A person deposited ₹500 for 3 years, ₹ 650 for 5 years, and ₹ 1,250 for 7 years. He received a total simple interest of ₹1,620. The rate of interest p
Question

A person deposited ₹500 for 3 years, ₹ 650 for 5 years, and ₹ 1,250 for 7 years. He received a total simple interest of ₹1,620. The rate of interest per annum is:

A.

12%

B.

13%

C.

10.8%

D.

11%

Correct option is A

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